Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    19 Market St Paterson, NJ 07501

    • Apartment buildings
    For Sale
    View listing
    $3,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cook Mills Ventures / Apartment Building
    • J/J International Export / Electronics & Wireless Store

    Property Details for 19 Market St

    Year built
    2006
    Property type
    Apartment buildings

    Description

    This exceptional 14-unit condo building presents a compelling investment opportunity in Paterson, NJ's coveted Great Falls Historical District. The property boasts a mix of spacious and well-appointed units, offering a blend of modern amenities and historical character. Ten units feature two bedrooms and two bathrooms, while four units provide three bedrooms

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1773
    Latitude
    40.9152

    Comparable in this City

    • Value Estimation by Request
      4,099 SF

      84 Auburn St

      Residential income properties • 4,099 SF
      84 Auburn St, Paterson, NJ 07501
      View Details
    • Value Estimation by Request

      100 Carroll St

      Multifamily properties
      100 Carroll St, Paterson, NJ 07501
      View Details
    • Value Estimation by Request

      252-254 Park Ave

      Multifamily properties
      252-254 Park Ave, Paterson, NJ 07501
      View Details
    • Value Estimation by Request
      2,977 SF

      456-458 Ellison St, Unit 458

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,977 SF
      456-458 Ellison St, Paterson, NJ 07501-2155
      View Details
    • Value Estimation by Request
      4,350 SF

      198-200 16th Ave, Unit 200

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,350 SF
      198-200 16th Ave, Paterson, NJ 07501-2315
      View Details
    • Value Estimation by Request
      2,942 SF

      53 17th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,942 SF
      53 17th Ave, Paterson, NJ 07501-2453
      View Details

    Similar Nearby for Sale

    • $410,000

      Updated Condo Near Garret Mountain

      Updated 2-bedroom condo near highways and Garret Mountain.
      43 Amethyst Ln, Paterson, NJ 07501
      View Details
    • $999,900

      Mixed-Use Building with Parking Lots

      Six-unit building with storefront and parking on three lots.
      502 Summer St, Paterson, NJ 07501
      View Details
    • $1,395,000

      Fully Occupied 7-Unit Building

      Investment opportunity in Paterson with strong financials and value-add potential.
      196-198 Beech St, Paterson, NJ 07501
      View Details
    • New
      $1,248,800
      3,945 SF

      Paterson City Multifamily Investment Opportunity

      Fully occupied 8-unit building with income and value-add potential.
      276 Ellison St, Paterson, NJ 07501
      View Details
    • Contact for pricing

      New Multifamily Investment Property

      New 7-unit multifamily property in high-demand rental market.
      200 Summer St, Paterson, NJ 07501
      View Details
    • $3,500,000

      Historic Paterson Condo Complex

      14-Unit Multifamily Investment Opportunity
      19 Market St, Paterson, NJ 07501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Apartment Near Transportation Hubs

      Spacious 3-bedroom apartment with modern finishes and convenient location.
      110 16Th Ave, Paterson, NJ 07501
      View Details
    • $2,500 /Mo

      New Luxury Apartment Available

      Brand new, 2-bedroom apartment with modern finishes and amenities.
      180 Carroll St, Paterson, NJ 07501
      View Details
    • Contact for pricing

      Renovated Apartment Near Downtown Paterson

      Renovated two-bedroom apartment featuring central air and new appliances.
      301 Market St, Paterson, NJ 07501
      View Details
    • $2,850 /Mo

      Residential Income Property For Rent

      Multifamily property available for rent.
      121 Lewis St, Paterson, NJ 07501
      View Details
    • $2,800 /Mo

      Updated Paterson Duplex For Rent

      Modern 3-bedroom, 1.5-bath duplex with parking and yard access.
      90 Governor St, Paterson, NJ 07501
      View Details
    • Contact for pricing

      Apartment with Parking Available

      Apartment for rent with parking available for an additional fee.
      421 Ellison St, Paterson, NJ 07501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    19 Market St
    Paterson, NJ 07501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.